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Hong Kong – 1Q 2022 Balance of Payments
21/06/2022 07:14 pm MYT
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In 1Q 2022, Hong Kong’s balance of payments recorded a deficit of HK$52.5 bln. The current account recorded a surplus of HK$78.5 bln, which was equivalent to 11.6% of GDP (figure 1). The current account surplus increased from a year ago due to larger surpluses in the goods, services and primary income accounts. Meanwhile, the financial account recorded a deficit of HK$49 bln due to an outflow from other investments and direct investment.

As a service-led economy, Hong Kong experienced a 78.8% quarter-on-quarter surge in the services account surplus in 1Q 2022 due to a low-base effect.

Note from Publisher
Although we read of people falling to victims of all kinds of financial scams every day and warnings to be extra alert and careful can be found everywhere, the problem does not seem to ease. On the contrary, the scammers have become smarter and more scheming to rope in the naïve, unsuspecting and greedy people. Unfortunately, with the fast-advancing communication and information technologies, it will become even more difficult to counter the activities of the scammers.

Capital Dynamics has been informed that many people have been conned by scammers impersonating Tan Teng Boo on WhatsApp or claiming to be the staff of Capital Dynamics. Some made their verification only after they have lost money. Fortunately, some are more alert, contacting us for verification before they make any investment with the scammers.

Once again, we call on everyone to be alert at all time. We would like to emphasise that any investment advice and/or opinion and matters regarding the stock market from Capital Dynamics group and Mr Tan Teng Boo will be published only in the official websites of Capital Dynamics group, i Capital publication, and/or the official social media accounts of Capital Dynamics group and/or any of its companies.

Capital Dynamics Sdn Bhd and Capital Dynamics Asset Management Sdn Bhd, being capital market intermediaries licensed by the Securities Commission of Malaysia, are operating as usual in accordance with the Standard Operating Procedures prescribed by the relevant authorities. We will continue to take precautionary measures to protect our employees, clients and other stakeholders. You may reach us at +603-2070 2104 or 2105 or 2106 or email us at (investment advisory) or (asset management) for any enquiries.

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